Energy Department Offering $58 Million for Advanced Vehicle Technology

Posted by Lauren Tyler on January 21, 2016 No Comments
Categories : Policy Watch

The U.S. Department of Energy is making more than $58 million of funding available for vehicle technology advancements. The DOE also released a report highlighting the successes of DOE’s Advanced Technology Vehicles Manufacturing (ATVM) loan program while touring the newest vehicle technologies at the Washington Auto Show today.

Continuing the Obama Administration’s commitment to supporting the domestic automobile industry, Energy Secretary Ernest Moniz announced a $55 million funding opportunity that will solicit projects across vehicle technologies like energy storage, electric drive systems, materials, fuels and lubricants, and advanced combustion.

“Our work refining cars that are efficient, affordable and can plug into the grid will also help propel us to even greater progress on reducing pollution and boosting energy security,” said Moniz. “These successful investments in next-generation vehicle technologies are a clear example of the impact innovation can have on industry and consumers.”

Two new projects at CALSTART and the National Association of Regional Councils will also receive $3 million to develop systems that help companies combine their purchasing of advanced vehicles, components and infrastructure to reduce incremental cost and achieve economies of scale.

Projects supported by this new funding opportunity will develop battery materials, components and models; advanced electric drive vehicle motors; improve lightweight materials; address grid modernization and showcase plug-in electric vehicles and infrastructure.

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